Licensing Regulation Setup PopUp | Apexum

Insights

Licensing Regulation Setup PopUp

May 9, 2017

VANUATU (VFSC)

VFSC requirment

  • Application form of VFSC,Vanuatu
  • Statutory Declarations
  • Bank Application Forms
  • AML Procedures
  • Business Plan
  • 3-year Financial Forecast
  • Balance Sheet with Forecast description
  • AML/CFT Declaration

IFSC criteria

  • Assets: Physical or Virtual Office Required.
  • Time Frame: 3-4 Month’s. 
 Free Capital: Starting at $30,000.
  • Reporting Requirements: Simplified.
  • Service Provided Requirements: Standard Quality.
  • Membership Fee’s: Ranging from $20,000 – $30,000 one-time (Compulsory).
  • Website: http://www.ifsc.gov.bz/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

ST.VINCENT  (FSA)

FSA requirements

  • Formed and verified corporate documents
  • Certificate of incumbency
  • Bank application forms
  • AML procedure

FSA CRITERIA

  • Assets: Physical or Virtual Office Required.
  • Time Frame: 2-3 Month’s.
  • Free Capital: Starting at $30,000.
  • Reporting Requirements: Simplified.
  • Service Provided Requirements: Standard Quality.
  • Membership Fee’s: Ranging from $20,000 – $30,000 one-time (Compulsory).
  • Website: http://svgfsa.com/warn.html

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

MALTA (MFSA)

MFSA requirements

  • MFSA application form
  • Statutory declarations
  • Application forms
  • AML procedures
  • Business plan
  • Financial projection

MFSA Criteria

  • Assets: office required
  • time frame: 6 month’s.
  • Free capital: starting at $30,000.
  • Reporting requirements: simplified.
  • Service provided requirements: standard quality.
  • Membership fee’s: ranging from $35,000 – $50,000 one-time fee for legal 
 services (compulsory).
  • Website: http://www.Mfsa.Com.Mt/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

UNITED KINGDOM (FCA)

FCA requirements

  • FCA, united kingdom application form
  • Statutory declarations
  • Bank application forms
  • AML (anti-money laundering) procedures
  • Strong business plan with stated revenue
  • 3-year financial projection of your business
  • Balance sheet with forecast description AML/CFT declaration

FCA criteria

  • Time frame: 1 year.
  • Free capital: $100,000 (client deposit’s not included).
  • Reporting requirements: standard.
  • Service provided requirements: standard quality.
  • Membership fee’s: ranging from $35,000 – $50,000 one-time fee (compulsory).
  • Website: https://www.Fca.Org.Uk/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

HONG KONG (SFC)

SFC requirements

  • Application of SFC , Hong-Kong
  • statutory declarations
  • bank application forms
  • AML procedures
  • business plan
  • 3-year financial forecast
  • AML/CFT declaration

SFC criteria

  • Time frame: 1-2 years.
  • Free capital: $20 million (client deposit’s not included).
  • Reporting requirements: difficult.
  • Service provided requirements: high quality.
  • Membership fee’s: starting at $125,000 per annually (compulsory).

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

CYPRUS (CYSEC)

CYSEC requirments

  • CYSEC application form
  • declarations
  • bank application forms
  • AML (anti-money laundering) procedures
  • business plan
  • financial projection of your business
  • balance sheet with forecast description

CYSEC criteria

  • Assets: office required
  • time frame: 6 month’s.
  • Free capital: starting at $30,000.
  • Reporting requirements: simplified.
  • Service provided requirements: standard quality.
  • Membership fee’s: ranging from $35,000 – $50,000 one-time
  • fee for legal services (compulsory).
  • Website: http://www.Cysec.Gov.Cy/en-gb/home/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

BULGARIA (FSC)

FSC requirements

  • Application of FSC , Bulgaria
  • statutory declarations
  • bank application forms
  • AML procedures
  • business plan
  • financial forecast
  • balance sheet with forecast description
  • AML/CFT declaration

FSC criteria

  • Time frame: 1 year.
  • Free capital: $100,000 (client deposit’s not included).
  • Reporting requirements: standard.
  • Service provided requirements: standard quality.
  • Membership fee’s: ranging from $35,000 – $50,000 one-time fee (compulsory).
  • Website: www.fsc.bg/en/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

BVI BRITISH VIRGIN ISLANDS (FSC)

FSC requirments

  • AML procedures
  • Business plan

FSC criteria

  • Assets: physical or virtual office required.
  • Time frame: 3-4 month’s.
  • Free capital: ranging from $20,000 – $30,000.
  • Reporting requirements: simplified.
  • Service provided requirements: standard quality.
  • Membership fee’s: ranging from $20,000 – $30,000 one-time fee (compulsory).
  • Website: http://www.Bvifsc.Vg/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

BELIZE (IFSC)

FSC requirement

  • Application Form by IFSC, Belize
  • Affidavit of directors’ bio-data
  • Bank application forms
  • AML Procedures
  • Business Plan
  • 5-year financial forecast
  • Balance sheet with forecast description
  • AML/CFT FAQs Declaration

VFSC criteria

  • Assets: physical or virtual office required.
  • Time frame: 2-3 month’s.
  • Free capital: starting at $30,000.
  • Reporting requirements: simplified.
  • Service provided requirements: standard quality.
  • Membership fee’s: ranging from $20,000 – $30,000 one-time (compulsory).
  • Website: https://www.Vfsc.Vu/

Note: Ad-hoc additional documents may be requested from any authority or institution during the process

Comments are closed.